Business development by segment

Developments in the segments Austria, Czech Republic, Slovakia, Poland, Romania, Baltic states, Hungary, Bulgaria, Turkey/ Georgia, Remaining CEE, Other Markets and Central Function are explained below. The discussion focuses on presenting business developments in these segments and outlines areas of change in the various insurance markets.

Premiums written by segment

in EUR millions

2017

2016

2015

2014

1

Remaining CEE: Albania incl. Kosovo, Bosnia-Herzegovina, Croatia, Macedonia, Moldova, Serbia, Ukraine

2

Other Markets: Germany, Liechtenstein

3

Central Functions include VIG Holding, VIG Re, VIG Fund, the non-profit societies, corporate IT service providers and intermediate holding companies.

Austria

3,848.5

3,941.3

4,055.5

4,077.0

Czech Republic

1,603.2

1,529.1

1,554.8

1,683.4

Slovakia

810.0

732.3

716.5

727.0

Poland

886.6

819.2

838.9

1,034.1

Romania

506.5

533.4

428.6

339.7

Baltic states

327.6

140.2

59.3

51.6

Hungary

246.7

224.2

204.3

180.0

Bulgaria

150.1

136.7

131.1

114.4

Turkey/Georgia

207.8

208.7

182.3

170.4

Remaining CEE1

352.0

331.4

307.2

293.6

Other Markets2

292.6

353.0

410.0

345.8

Central Functions3

1,411.5

1,324.8

1,248.9

1,289.8

Consolidation

-1,257.3

-1,223.3

-1,117.7

-1,160.9

Total

9,386.0

9,051.0

9,019.8

9,145.7

Result before taxes by segment

in EUR millions

2017

2016

2015

2014

1

Remaining CEE: Albania incl. Kosovo, Bosnia-Herzegovina, Croatia, Macedonia, Moldova, Serbia, Ukraine

2

Other Markets: Germany, Liechtenstein

3

Central Functions include VIG Holding, VIG Re, VIG Fund, the non-profit societies, corporate IT service providers and intermediate holding companies.

Austria

175.3

196.1

213.0

169.7

Czech Republic

149.3

152.8

163.0

177.9

Slovakia

55.7

48.9

51.9

59.5

Poland

35.5

1.9

20.8

53.4

Romania

6.2

3.5

-87.6

6.1

Baltic states

1.4

-11.2

-2.7

-0.7

Hungary

2.1

3.8

-22.1

3.0

Bulgaria

6.9

5.4

-2.4

2.1

Turkey/Georgia

9.4

9.0

3.2

5.7

Remaining CEE1

-6.0

7.4

-25.4

11.3

Other Markets2

23.7

22.1

20.2

18.9

Central Functions3

-16.7

-33.3

-284.6

-29.4

Consolidation

-0.4

0.4

-0.3

0.7

Total

442.5

406.7

47.1

478.0